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The rating allows IQUW to access $1bn in group capital. -
Last month’s inflation figures were lower than expected, but tariffs continue to loom.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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Four cat modelers have also submitted their tech for regulatory review.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Commercial auto was the exception, ticking up slightly from January.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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GL and commercial auto rates accelerate at year-end as social inflation worsens.
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Insureds, however, are often reinvesting savings into purchasing increased limit.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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January CPI/PPI heats up but won’t translate to higher loss costs.
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The insurance commissioner said the carrier has not shown the need for price increases.
